Veteran dealer Peter Brandt has forecasted that Bitcoin (BTC) might decline towards the $58,000–$62,000 zone, implying a 33–37% correction from present worth ranges of round $92,400.
His prediction comes as Bitcoin continues to show a number of bearish indicators, with different analysts additionally flagging the danger of additional draw back.
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Peter Brandt Warns Bitcoin Might Drop Primarily based on Technical Patterns
In a submit on X (previously Twitter), Brandt said that Bitcoin might transfer decrease to the $58,000 to $62,000 vary. The accompanying chart signifies that his outlook is predicated on a rising wedge sample that has developed over the previous 2 months.
“58k to $62k is where I think it is going BTC,” the submit learn.
Peter Brandt’s Bitcoin Worth Prediction. Supply: X/Peter Brandt
Rising wedge formations seem when worth consolidates between two upward-sloping, converging trendlines, with the decrease trendline rising extra steeply than the higher.
The sample usually indicators weakening momentum and the next chance of a draw back transfer, though technical evaluation doesn’t assure outcomes. Brandt additionally acknowledged the inherent uncertainty of market forecasts, stating:
“If it does not go there I will NOT be ashamed, so I do not need to see you trolls screen shot this in the future. I am wrong 50% of the time. It does not bother me to be wrong.”
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Past Brandt, a number of market watchers have highlighted further bearish eventualities. One analyst pointed to similarities between Bitcoin’s present worth construction and its 2022 market cycle, arguing that the asset is “repeating the 2022 fractal exactly.”
The analyst shared a side-by-side comparability, noting that in each cases Bitcoin staged a aid rally that stalled under horizontal resistance. This transfer finally shaped a bull lure earlier than worth broke under rising assist.
In 2022, the lack of that assist led to a pointy acceleration to the draw back. In keeping with the analyst, the same dynamic could now be unfolding, with downward momentum constructing.
Lastly, BeInCrypto has additionally recognized 5 key bearish indicators for Bitcoin, additional reinforcing the opportunity of a downward transfer. Nonetheless, some analysts have taken the other stance.
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Analyst Ted Pillows famous that US liquidity year-over-year development bottomed in November 2025, which additionally coincided with a neighborhood backside for Bitcoin.
In keeping with Pillows, US liquidity circumstances have since begun to enhance, an element he believes might assist a crypto rally.
“Now US liquidity is improving, which is one of the reasons I’m expecting a crypto rally. It’s that simple,” he stated.
$BTC remains to be in an uptrend on the weekly chart.
We’ve examined the identical assist line 3 occasions now and it retains holding.
This final bounce round ~$93K exhibits consumers are nonetheless stepping in.
So long as BTC stays above this trendline, the development stays bullish.
Subsequent stage to observe is… pic.twitter.com/XPCC3K0ME6
— Crypto King (@CryptoKing4Ever) January 19, 2026
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OG Bitcoin Whales Resurface Amid Break up Market Outlook
As technical and macro indicators ship combined indicators, on-chain information suggests long-term holders are additionally turning into extra energetic. Blockchain analytics platform Lookonchain reported {that a} long-inactive Bitcoin OG whale has moved 909.38 BTC, valued at roughly $84.62 million, to a brand new pockets after 13 years.
When obtained, every BTC was price lower than $7, representing an appreciation of about 13,900 occasions the earlier worth. Such whale actions usually generate consideration by signaling both potential promoting or strategic repositioning by early adopters.
In a separate replace, Lookonchain recognized one other OG who has been offloading holdings. The whale acquired 5,000 BTC at $332 every 12 years in the past. This holder just lately offered 500 BTC price $47.77 million, extending a sample of systematic promoting that started in December 2024.
“Since Dec 4, 2024, he has been selling $BTC, dumping 2,500 $BTC($265M) at an average price of $106,164. He still holds 2,500 $BTC($237.5M), with total profits exceeding $500M,” the submit learn.
Thus, Bitcoin at present finds itself at a crossroads. Whereas technical patterns and historic fractals level to the danger of a deeper correction, enhancing US liquidity circumstances counsel that macro tailwinds might ultimately assist a renewed rally. What finally materializes stays to be seen.
